Universal Logistics (NASDAQ:ULH) Hits New 1-Year Low - Here's What Happened

Universal Logistics Holdings, Inc. (NASDAQ:ULH - Get Free Report) shares reached a new 52-week low on Tuesday . The company traded as low as $22.86 and last traded at $22.86, with a volume of 155777 shares trading hands. The stock had previously closed at $25.51.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ULH shares. StockNews.com downgraded Universal Logistics from a "hold" rating to a "sell" rating in a research report on Monday, April 28th. Stifel Nicolaus decreased their price target on Universal Logistics from $37.00 to $29.00 and set a "hold" rating for the company in a research note on Tuesday.

Universal Logistics Trading Up 4.6 %

The business's 50 day moving average price is $25.97 and its two-hundred day moving average price is $37.64. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.36 and a current ratio of 1.36. The company has a market capitalization of $616.08 million, a price-to-earnings ratio of 4.74 and a beta of 1.00.

Universal Logistics (NASDAQ:ULH - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The transportation company reported $0.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.48 by ($0.25). Universal Logistics had a net margin of 7.04% and a return on equity of 21.37%. The firm had revenue of $382.39 million for the quarter, compared to the consensus estimate of $400.60 million. Equities analysts forecast that Universal Logistics Holdings, Inc. will post 2.81 earnings per share for the current fiscal year.

Universal Logistics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd will be issued a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Monday, June 2nd. Universal Logistics's payout ratio is 13.21%.

Hedge Funds Weigh In On Universal Logistics

Several hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its holdings in Universal Logistics by 126.3% during the third quarter. JPMorgan Chase & Co. now owns 17,854 shares of the transportation company's stock worth $770,000 after buying an additional 9,966 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Universal Logistics during the 4th quarter valued at $753,000. Barclays PLC boosted its stake in shares of Universal Logistics by 339.7% during the 3rd quarter. Barclays PLC now owns 10,952 shares of the transportation company's stock worth $473,000 after acquiring an additional 8,461 shares in the last quarter. New York State Common Retirement Fund grew its holdings in shares of Universal Logistics by 7.3% in the 4th quarter. New York State Common Retirement Fund now owns 31,157 shares of the transportation company's stock worth $1,431,000 after acquiring an additional 2,109 shares during the last quarter. Finally, Jane Street Group LLC raised its position in shares of Universal Logistics by 23.8% during the third quarter. Jane Street Group LLC now owns 9,276 shares of the transportation company's stock worth $400,000 after purchasing an additional 1,783 shares during the period. Institutional investors and hedge funds own 25.50% of the company's stock.

Universal Logistics Company Profile

Universal Logistics Holdings, Inc provides transportation and logistics solutions in the United States, Mexico, Canada, and Colombia. The company offers truckload services, which include dry van, flatbed, heavy-haul, and refrigerated operations; domestic and international freight forwarding, and customs brokerage services.